The loan, covered by Spanish Export Credit Agency CESCE, supports the investment in the Dominica I wind farm in Mexico
Enel Green Power has begun construction of a plant powered with locally sourced forest biomass that will supplement the output of the Cornia 2 geothermal plant
The 5 MW biomass plant will boost the geothermal plants annual output by 37 GWh, avoiding the emission of an additional 17 thousand tonnes of CO2 per year
Total revenues: 2,084 million euros (2,009 million euros as of September 30th, 2013,+3.7%)
EBITDA: 1,317 million euros (1,305 million euros as of September 30th, 2013, +0.9%)
EBIT: 813 million euros (805 million euros as of September 30th, 2013,+1.0%)
Group net income: 395 million euros (407 million euros as of September 30th, 2013, -2.9%; net of the result of discontinued operations, +15.9%)
Net financial debt: 6,641 million euros (5,324 million euros as of December 31st, 2013, +24.7%)
Net installed capacity: 9.5 GW (8.6 GW as of September 30th, 2013, +10.5%)
Net electricity generation: 23.5 TWh (21.6 TWh as of September 30th, 2013,+8.8%)
The contract with Endesa Chile is worth an estimated total of approximately 2.3 billion US dollars
The electricity and green certificates sold will come from two wind farms and three photovoltaic plants, which will require a total investment of around 611 million US dollars to build
The Origin wind farm, with a total installed capacity of 150 MW, will generate up to around 650 GWh a year
An overall investment of approximately 250 million US dollars was required to construct the plant
The Ituverava and Delfina projects require a total investment of approximately 600 million US dollars to build.
The award of new capacity marks a further step forward in Enel Green Powers growth strategy for Latin America.
The two Groups were selected by Chilean development organization CORFO (Corporación de Fomento de la Producción) to set up an International Centre of Excellence (ICE) on Marine Energy in the country.
The 8-year project, supported by an approximate 20 million US dollars in cash and in-kind funding, 65% of which coming from CORFO, is aimed at carrying out research and development activities on Marine Renewable Energy (MER) technologies taking into account the specific natural conditions of Pacific Ocean in Chile.
The project will benefit from the support of the Chilean development organization Fundación Chile, the R&D foundation INRIA Chile, research institutions Pontificia Universidad Católica de Chile and Universidad Austral de Chile, as well as Enel Group subsidiaries Chilectra and Endesa Chile.
The International Centre of Excellence, named Marine Energy Research and Innovation Centre (MERIC), will serve as a hub for innovation in Marine Energy in Chile and at global level.
Dominica I, with an installed capacity of 100 MW, will generate up to 260 GWh per year
Plant construction required a total investment of an approximate 196 million US dollars.
Once completed, the 19 MW Lalackama II plant will be capable of generating more than 50 GWh.
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Installed capacity from renewables is 9,149 MW, produced by over 715 plants in 16 countries
The gradual rise in global temperatures and the instability of fossil fuel markets are driving the development of solar power throughout the world, particularly in the area of photovoltaic technologies
EGP's guidelines call for the design of layouts that are environmentally compatible, with an appropriate number of wind turbines for the area concerned
EGP's know-how has made the company a world leader in the development of this clean, renewable and cost-effective source of energy
Italy is where geothermal energy was used for the first time for industrial purposes, and the country remains one of the leading producers of geothermal electricity
The exploitation of biomass is an important chapter in Europe's development of renewable energy